Facebook Pixel Code
x
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

The Impact of Mutual Ownership on the Management and Governance of a Football Club Essay Example

Show related essays

The Impact of Mutual Ownership on the Management and Governance of a Football Club

This is a preview of the 10-page document
Read full text

The Impact of Mutual Ownership on the Management and Governance of a Football Club. Any business organisation must adopt and implement the essentials of business management and corporate governance principles to ensure its survival, expansion and sustainability. A football club, as mentioned earlier, is also a commercial enterprise that has established a managerial hierarchy and board of directors, which work in collaboration to formulate and implement various short and long-run business strategies that enhance the trust of investors, partners, customers and other stakeholders. Indeed, this improves internal efficiency, effectiveness and corporate performance (Michie and Oughton, 2005). The mutualisation of a football is a tedious step-by-step procedure. The first step in this process is to ‘

acquire all the shares from existing shareholders’ followed by the second step that involves the ‘cancellation’ of entire treasury stock. The last step is about ‘re-writing of club constitution to reflect mutuality’ (Michie, 1999, p.16). The administration does not necessarily enjoy similar powers and authority that it had before under a private ownership model. In addition, a supporter starts playing the role of organisational watchdog, which in turn though apparently, ‘increases the accountability’ of club’s managers and strategic planners to their members (APFG Report, 2009, p. 15). To elucidate the scope of the aforementioned argument raised in APFG Report (2009), it must be emphasised that mutual ownership does assist in mitigating issues related to poor management because of direction from members; however, accountability tends to decrease because of highly dispersed members in comparison to the private ownership model. In simple words, the argument in APGP report has no real scope as it can’t be supported. In short, the above provides the evidence of what structural and management changes may take place during and after transformation from private ownership to mutuality. The Impact of Mutual Ownership on the Management and Governance of a Football Club.

This is a preview of the 10-page document
Open full text

References

:

Jonathan Michie and Christine Oughton (2005) “The Corporate Governance of Professional Football Clubs in England” Blackwell Publishing Ltd Volume 13 Number pp. 517-531

Ross Emery and Mike Weed (2006) “Fighting for survival? The financial management of football clubs outside the‘top flight’ in England” Taylor and Francis Group pp. 1–21

Dobson, Stephen and John Goddard (2001) “The Economics of Football” Cambridge University Press pp. 3-31

David Kennedy & Peter Kennedy (2007) “Supporter Trusts and ThirdWay Politics” Taylor and Francis Group Vol. 10, No. 2, pp. 285–303

Paul Martin (2007) “Football, Community and Cooperation: A Critical Analysis of Supporter Trusts in England” Taylor and Francis Group Vol. 8, No. 4, pp. 636–653

Adam Brown (2008) “POLITICS, THEORY AND PRACTICE

‘Our club, our rules’: fan communities at FC United of Manchester” Taylor and Francis Group Vol. 9, No. 3, pp. 346–358

Hamil, Sean, Jonathan Miche, Christine Oughton and Steven Warby (2002) “Recent Developments in Football Ownership” Ebsco Publishing pp. 1-10

Dominic Malcolm (2002) “Football Clubs and Football Businesses in Twenty First Century” Ebsco Publishing pp. 102-113

Andy Burnham (2005) “The real deal for footballs future” Guardian Newspapers Limited

Johnston Birchall and Richard Simmons (2004) “The Involvement of Members in the Governance of Large-Scale Co-operative and Mutual Businesses: A Formative Evaluation of the Co-operative Group” REVIEW OF SOCIAL ECONOMY, VOL. LXII, NO. 4, pp. 487-515

Andy Adams and Seth Armitage (2002) “MUTUALITY FOR FOOTBALL CLUBS? LESSONS FROM THE FINANCIAL SECTOR” pp. 1-11

FA Report (2005) “THE FOOTBALL ASSOCIATION FINANCIAL ADVISORY COMMITTEE” pp. 1-12

J. R. Shackleton (2000) “Football as a Business – Review Article” Football Studies, vol. 3 no. 1 pp. 80-89

Jonathan Michie (1999) “New Mutualism -A Golden Goal?” Trafford Press Ltd pp. 1- 28

Hamil, Sean and Stephen Morrow (2008) “The People’s Game and Community Ownership of Football Clubs: A Mutual Solution to a Market Problem” pp. 1-8

Sara Ward (2009) “What Alternative Business Models Exist in the Organisation of Professional Football Clubs?” pp. 1-11

Stephen Hope (2003) “The Ownership Structure of Nationwide League Football Clubs 2002-03” pp. 3-35

Sarah Gilmore and Clive Gilson” (2007) “Finding form: elite sports and the business of change” Journal of Organizational Change Management Emerald Group Publishing Limited Vol. 20 No. 3, pp. 409-428

JON MAINWARING “Fan activism may hold lessons for directors and shareholders” Wall Street Journal Available at http://online.wsj.com/ad/article/businessoffootball-fan

APFG Report (2009) “English Football and its Governance” All Party Football pp. 3- 24 Available at http://www.allpartyfootball.com/APFG_Report_on_English_Football_&_Its_Governance_April_2009%5B1%5D.pdf

Close ✕
Tracy Smith Editor&Proofreader
Expert in: Information Technology, Military, Engineering and Construction
Hire an Editor
Matt Hamilton Writer
Expert in: Information Technology, Agriculture, Technology
Hire a Writer
preview essay on The Impact of Mutual Ownership on the Management and Governance of a Football Club
WE CAN HELP TO FIND AN ESSAYDidn't find an essay?

Please type your essay title, choose your document type, enter your email and we send you essay samples

Contact Us